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You are celebrating the end of the semester. You feel generous and you take the entire Intro to Accounting class to Stuff Yer Face and
You are celebrating the end of the semester. You feel generous and you take the entire Intro to Accounting class to Stuff Yer Face and buy lunch for the entire class. The total bill is $500. You use your VISA CitiBank Card to pay for the food. CitiBank charges a service fee of 4%. Stuff Yer Face's entry to record the transaction would include: A credit to Service Charge Expense of $20 A debit to Sales Revenue of $500 A debit to Cash of $480 A credit to Sales Revenue of $480 A credit to Cash of $500
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